An energy company engaged in the exploration of and the acquisition, development, and production of crude oil and natural gas primarily along the Texas Gulf Coast, in the Permian Basin of western Texas and in Wyoming.
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Zacks Rank 5-StrongSell, Recommend Underperform, Industry Rank 164 / 265, Avg target of 7 analysts 3.48- Short Interest Ratio: 10.90 %- Est Revision Ratio: Up 0 vs 27 DownMotley Fool. Today's Top 3 Oil and Gas StocksBy Dan Dzombak March 19, 2013 "Today's (3/19/2013) oil and gas stock leader was Abraxas Petroleum (NASDAQ: AXAS ) , up 4.89% to $2.36. Abraxas is an exploration and production company focused on the Rocky Mountain region, Permian Basin, and Texas Gulf Coast Basin. In the middle of the day, the stock spiked to $2.54, giving it a gain of 12.9% for the day on no news -- but the stock quickly receded.On Friday, Abraxas reported a mixed earnings release. Revenue was $19.1 million, higher than analyst expectations of $18.2 million. The company, however, reported a loss of $0.03 per share, while analysts had expected the company to break even this quarter.
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